Galileo is fortunate to partner with some of the most innovative fintechs, neobanks and companies around the globe as their trusted guide to the financial frontier.
Check out our recent roundup of Galileo clients in the news, highlighting new partnerships, product releases, award nominations and other company news.
• Albert, Till Financial, Tribal Credit and Varo were named by Tearsheet as finalists for the 2021 Challengers Awards.
• CapWay CEO and founder Sheena Allen spoke to Bloomberg about the launch of a debit card for the unbanked.
• The Change Company was named to Fortune’s 2021 "Change the World" list for how it creatively uses tools of capitalism—including the profit motive—to address society’s unmet needs.
• Fundbox was profiled by PYMNTS for a story on how spend management solutions help power growth and facilitate remote work.
• Propel Founder and CEO Jimmy Chen recently spoke with Forbes about serving the underbanked.
• Soon named Galileo as a partner on its innovative approach to investing.
• Toast was highlighted by Total Food Service for the success of its IPO.
• Tomo Credit Co-Founder and CEO Kristy Kim’s participation in a Money 2020 panel on why traditional credit-scoring systems exclude a large cohort of consumers was mentioned by Business Insider.
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Your Loyalty Program Might Be Ignoring Your Best Customers
For decades, most loyalty programs were built around credit cards. That alignment made sense at a time when revolving credit was the primary lens through which loyalty and rewards were structured. But consumer payment behavior has changed, and Gen Z is making that shift especially visible.
SoFi and Mastercard Partner to Enable SoFiUSD Settlement Across Mastercard’s Global Payments Network
SoFi’s fully reserved U.S. dollar stablecoin will support settlement across the Mastercard network, including for SoFi Bank, N.A. Galileo, SoFi’s technology platform, will be among the first to offer its clients and their issuing banks the choice to settle transactions using SoFiUSD The Mastercard Multi-Token Network will look to support SoFiUSD, help expand interoperability between digital assets and traditional forms of money
Southwest and Galileo Bring Rewards to Debit’s Doorstep
Galileo’s platform integrates issuing, processing, and program management so non-financial brands like Southwest can launch co-branded cards faster. The economics of debit rewards differ from credit, but Galileo CFO Bill Kennedy said technology efficiencies and deeper loyalty make the model sustainable.
United Airlines Launches MileagePlus Debit Rewards Card that Earns Miles for Spending and Saving
This new card allows MileagePlus members to earn miles through everyday purchases and qualifying account balances. Available now with no monthly fees with an average daily account balance of $2,000 or greater, MileagePlus members can open the debit rewards card at UnitedDebitRewards.com
Southwest Airlines, powered by Galileo (SoFi’s tech platform), has launched the Rapid Rewards Debit Card
Southwest Airlines, powered by Galileo (SoFi’s tech platform), has launched the Rapid Rewards Debit Card, letting debit-first customers earn points on everyday purchases to redeem against flights.
